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re: Serious Tax Issue
Posted on 5/22/13 at 8:52 pm to meldawg399
Posted on 5/22/13 at 8:52 pm to meldawg399
quote:
Could the OP sue his wife saying marriage assets and liabilities at divorce weren't calculated correctly as the tax liability wasn't included in the divorce settlement? And get some assets from her to pay it down. Or could the tax judgment from both TGSOL and the IRS be split evenly and billed to both as they were married from when the taxes weren't paid? Unless the OP assumed all unkown liabilities with the business in the divorce, I could see an argument for this. I'm not an expert, just a thought.
If I could go back in time, she would be implicated. But for the sake of my kids at this point Im not going to do that.
4
Posted on 5/22/13 at 9:05 pm to twoifbysea
I didn't read the whole thread, but have u not gone to see an attorney yet? Preferably one that deals with taxes and bankruptcy.
Posted on 5/22/13 at 9:05 pm to twoifbysea
I didn't read the whole thread, but have u not gone to see an attorney yet? Preferably one that deals with taxes and bankruptcy.
Posted on 5/22/13 at 9:28 pm to JPLSU1981
quote:
I didn't read the whole thread, but have u not gone to see an attorney yet? Preferably one that deals with taxes and bankruptcy.
I have talked to three lawyers and still have no idea where to turn or what to do. When you don't have the big bucks, they don't really care.
Wish I had the hundreds of thousands back that I paid to JW and BSW a few years ago. They were my best friends then.
Posted on 5/22/13 at 11:24 pm to twoifbysea
quote:
But for the sake of my kids
It affects them no matter what. If you pay the full liability, it is less they'd inherit. If the wife doesn't pay her part, she could will the money/assets to others, get remarried and split it with the new hubby, or will it to any new children. If she throws in for 50%, you pay less and can ensure the children get it through your will, gifts, paying for their education, etc. Once they hit 18, she doesn't have to pay for anything for them and can piss it away on herself.
If she's reasonable, maybe you can talk to her, make her understand she should be on the hook for 50% of it, and would be willing to throw in. The more $$$ you pay to lawyers and advisors and in interest and penalties, the less you can help the children or will to them. Maybe take the angle you're need her help for the betterment of the kids?
Posted on 5/22/13 at 11:35 pm to meldawg399
quote:
It affects them no matter what. If you pay the full liability, it is less they'd inherit. If the wife doesn't pay her part, she could will the money/assets to others, get remarried and split it with the new hubby, or will it to any new children. If she throws in for 50%, you pay less and can ensure the children get it through your will, gifts, paying for their education, etc. Once they hit 18, she doesn't have to pay for anything for them and can piss it away on herself. If she's reasonable, maybe you can talk to her, make her understand she should be on the hook for 50% of it, and would be willing to throw in. The more $$$ you pay to lawyers and advisors and in interest and penalties, the less you can help the children or will to them. Maybe take the angle you're need her help for the betterment of the kids?
Ex Wife will inherit a lot of money. I said "for the sake of the kids" meaning that I want to be in their lives and not flee.
Posted on 5/23/13 at 4:49 am to twoifbysea
I worked with a fellow who worked for the state of louisiana and he owed back taxes on a couple of years granted they were around 3-4K and not what you owe but the state of louisiana just garnished his check for so much each pay check until he could finish paying off in one lump sum or he would just have to keep paying monthly until the debt was paid.
He actually got it pain in one year by them taking so much each check and his return for the next year with a little loan from a bank got him square.
He actually got it pain in one year by them taking so much each check and his return for the next year with a little loan from a bank got him square.
Posted on 5/23/13 at 8:09 am to twoifbysea
If you are worried about not having a valid DL for identification purposes or having it show up revoked on a background check then you have a problem.
If you are worried about it from a 'getting behind the wheel and driving' point of view, just get in your car and drive. You can drive without a license and I wouldn't hesitate to do so if it meant the difference between making a living and not.
*full disclaimer - this advice given buy a guy who has a brake tag that expired in 2009 - "f*ck it" is my advice.
If you are worried about it from a 'getting behind the wheel and driving' point of view, just get in your car and drive. You can drive without a license and I wouldn't hesitate to do so if it meant the difference between making a living and not.
*full disclaimer - this advice given buy a guy who has a brake tag that expired in 2009 - "f*ck it" is my advice.
Posted on 5/23/13 at 8:24 am to reverendotis
quote:
Serious Tax Issue If you are worried about not having a valid DL for identification purposes or having it show up revoked on a background check then you have a problem. If you are worried about it from a 'getting behind the wheel and driving' point of view, just get in your car and drive. You can drive without a license and I wouldn't hesitate to do so if it meant the difference between making a living and not. *full disclaimer - this advice given buy a guy who has a brake tag that expired in 2009 - "f*ck it" is my advice.
My issue with not having a DL is getting through an HR background check. I have accepted a position with a company that has a company car. All of that is in jeopardy now.
Oh, I will still drive.
Posted on 5/23/13 at 9:00 am to twoifbysea
quote:
I sold my ownership and at the same time went thru a brutal divorce. Wife got mostly everything, house (lots of equity), $100k cash, and I got stuck with the tax liability.
you fricked your secretary, didn't you?
Posted on 5/23/13 at 11:55 am to Shankopotomus
8 month Prison Term
Guy out of LP sentenced to 8 months for failing to file federal income tax returns.
Guy out of LP sentenced to 8 months for failing to file federal income tax returns.
Posted on 5/23/13 at 12:14 pm to Lion4Life
quote:
Serious Tax Issue 8 month Prison Term Guy out of LP sentenced to 8 months for failing to file federal income tax returns.
I've filed my returns. Just can't pay the tax.
Posted on 5/24/13 at 9:06 pm to twoifbysea
Not a single suggestion from this board.
Posted on 5/25/13 at 12:47 am to twoifbysea
quote:
Not a single suggestion from this board.
:poet:
Posted on 5/25/13 at 12:40 pm to twoifbysea
Overall it sounds like something was screwed up during your divorce settlement, but you don't want to rectify it for fear of not seeing your kids anymore. Now you are stuck with the huge tax liability. The state therefore has certain drop-dead payment terms if you want to get your drivers license back to work. But you only have $200 per month disposable income.
You may be a perfect candidate for Dave Ramsey. Sell your car, buy a crappy used car, and use the difference to make the down payment to the state. Move in with your parents or into a cheap apartment and sell the stuff you don't need. It's time to start rebuilding your life, and there may not be an easy answer.
Best of luck to you. It sounds like you are in a tough spot and have a long road ahead. But if you cut your expenses, generate an income, and have a plan, there will be a light at the end of the tunnel.
You may be a perfect candidate for Dave Ramsey. Sell your car, buy a crappy used car, and use the difference to make the down payment to the state. Move in with your parents or into a cheap apartment and sell the stuff you don't need. It's time to start rebuilding your life, and there may not be an easy answer.
Best of luck to you. It sounds like you are in a tough spot and have a long road ahead. But if you cut your expenses, generate an income, and have a plan, there will be a light at the end of the tunnel.
Posted on 5/25/13 at 1:02 pm to twoifbysea
quote:
Not a single suggestion from this board.
Actually, you've pretty much had an objection to each of the valid suggestions here.
Posted on 5/25/13 at 8:25 pm to twoifbysea
quote:
Not a single suggestion from this board.
Get the E Guarantee
Posted on 5/25/13 at 9:43 pm to Athanatos
ADP
Posted on 5/25/13 at 9:59 pm to twoifbysea
Move to the next closest state over. Form a business in Deleware or Nevada. Never go back to LA.
quote:. Oh and live in a trailer park and save money.
Not a single suggestion from this board.
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